PHYS

Gold extends record run as prices near $2,400; Citi sees $3,000 on the horizon

Gold futures settle at 19th record high settlement for 2024. Citi says gold will climb to $3,000/oz in the next 6-18 months. Deutsche Bank sees gold prices at $2,400/oz by year-end 2024. The yellow metal's rally will be driven by flows from managed money players, analysts say.

Does The Rally In Gold Still Have Room To Run?

The Role Of Gold In Turbulent Times

Gold can function as both an inflation hedge and an appreciating asset during periods of low real interest rates. Inflation impacts various asset classes differently, but the critical factor for gold is real rates adjusted for inflation. Gold's price rise amid inflation is not solely due to its role as a safe haven.

Commodity Roundup: Citi projects gold to hit $3,000/oz amid geopolitical heat

Commodities Energy Commodity Roundup: Citi projects gold to hit $3,000/oz amid geopolitical heat. Gold prices clocked another record-high settlement of $2,383/oz on Monday. Citi expects gold prices to hit a record high over the next 6–18 months.

Financial D-Day And The Rise Of The Gold Vigilantes

The U.S. Government is spending at levels typically only seen in a recession or financial panic. The national debt has ballooned to over $34 trillion. Annual interest payments on the debt are now topping $1 trillion. March 1st, 2024 could be a historic day for gold prices. Gold prices have soared from $2,000 per ounce to over £2,300 per ounce.

Gold extends safe-haven rise to another record high despite stronger dollar

Gold futures edged higher Monday to notch another record-high settlement in safe-haven trading sparked by Middle East tensions. Front-month Comex gold for April delivery ended up 0.4% to $2365.80/oz. The dollar rose 0.2% and 10-year Treasury yields hit a five-month high after stronger than expected U.S. Retail sales in March.

Weekly Report: what happened at PHYS last week (0408-0412)?

Commodity Roundup: Israel-Iran conflict adds to gold's safe-haven appeal

Gold prices hit a record high of $2,431.29 per ounce on Monday. Tensions in the Middle East add to safe-haven demand for gold. London Metal Exchange bans delivery of new Russian metal. Brent crude oil prices fall more than 1% to below $90 a barrel.